Warren Buffett's Berkshire Hathaway ups stakes in five Japanese trading firms

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Warren Buffett's Berkshire Hathaway ups stakes in five Japanese trading firms
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Berkshire Hathaway's stake in each of the trading firms now averages more than 8.5%.

Berkshire Hathaway on Monday said its wholly-owned subsidiary National Indemnity Company has increased its stake in five Japanese trading firms to average more than 8.5%.

Berkshire Hathaway said it intends to hold its Japanese investments for the long term, with CEO Warren Buffett pledging the company will only purchase up to 9.9% of any of the five firms.

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